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| Global Indonesia Infant Nutrition Market Size |
Infant nutrition products are essential for the growth and development of
infants and toddlers. Infant formulas, baby food, and other products provide
nourishment and meet the nutrient requirements of babies and young children.
Growing population, rising disposable incomes, and improving standards of
living in Indonesia have fueled the demand for infant nutrition products in the
country.
The global
Indonesia Infant Nutrition Market is estimated to be valued at US$ 9.06 Bn in 2023 and is expected to
exhibit a CAGR of 4.7% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Key Trends:
One of the key trends driving the Indonesia infant nutrition market is
increasing working women population. As more women join the workforce, there is
rise in demand for convenient packaged baby foods and milk formulas. Working
mothers prefer infant formulas and ready-to-eat baby food products as they
require less preparation time. Furthermore, nuclear family systems and busy
lifestyle of modern families have further propelled the demand for nutritional
baby food products. Manufacturers are introducing innovative product lines such
as organic infant formulas and follow-up formulas for toddlers, customized to
meet the emerging needs of young parents. Rising awareness about infant
nutrition through online portals and social media influence on parents is also
augmenting the growth of Indonesia infant nutrition market.
Segment Analysis
The Indonesia infant nutrition market is dominated by the infant milk formula
segment. Within this segment, standard infant milk formula constitutes the
largest share. This is because standard infant milk formula provides balanced
nutrition suitable for majority of infants between the age of 6 months to 1
year which helps in their growth and development.
Key Takeaways
Global
Indonesia Infant Nutrition Market Size is estimated to be valued at
US$ 9.06 Bn in 2023 and is expected
to exhibit a CAGR of 4.7% over the
forecast period 2023 to 2030.
Regional analysis: The western region of Indonesia dominates the Indonesia
infant nutrition market holding around 35% value share in 2023 owing to rising
disposable incomes and growing awareness about infant nutrition in cities like
Jakarta and Bandung.
Key players: Key players operating in the Indonesia Infant Nutrition Market are
Groupe Danone, PT Kalbe Farma Tbk, PT Indofood Sukses Makmur, Indofood CBP,
Mirota KSM, Nutricia Indonesia Sejahtera, Sari Husada, Mead Johnson Indonesia,
and PT Frisian Flag Indonesia. Groupe Danone dominate the market with its Dumex
brand capturing around 25% value share in 2023.
Get More Insights On This Topic: https://www.newsanalyticspro.com/indonesia-infant-nutrition-market-scope/